Ronbowlens - Ron's Blog

If we ever get over this political crisis, is there growth ahead?

So far the market has not really been phased by the government shutdown. We have seen a small downturn this week but no large change. However if the U.S. does does not come to a consensus over the Affordable HealthCare Act and we don't raise the Debt Ceiling it could have catastrophic consequences on the economy. Most investors seem to be complacent saying that the shutdown/debt ceiling is not a reason to sell stocks. However, if the U.S. does reach what many think to be a 0% chance scenario where we are unable to pay the interest on our loans it is predicted that the S&P 500 would crash to 850, about a 50% drop. However if we do make it past this Political fiasco the economy may still have juice left to climb. I have written a few times before about KKR, as experts in the market they often provide useful insights. Alex Nevab KKR's co-head of Americas private equity said, "We actually see the economy recovering and has further to go through 2016 or 2017." KKR believes that if we do get past this debt ceiling crisis that the market was not at a low point or a high point and is showing a good environment for growth. Other notable leaders in KKR include former RNC chairman Kenneth Mehlman and General David Petraeus.

http://assetsandmanagement.blogspot.com/2013/10/if-we-ever-get-over-this-political.html

Fight Over Debt Ceiling Risks Credit Rating,Moody’s Warns http://ping.fm/FUTOB moody creditrating USA deficit WETHEPEOPLE teaparty sgp

All over America, formerly prosperous communities are being transformed into crime-infested wastelands of poverty and despair. Of course the most famous example of this is Detroit. At one time, Detroit was the greatest manufacturing city that the world had ever seen and it had the highest per capita income in the entire country. But now it has become a rotting, decaying hellhole that the rest of the planet laughs at. And of course Detroit is far from alone. There are hundreds of other U.S. cities that are suffering a similar fate. In this article, the focus is going to be on Camden, New Jersey, but the truth is that there are lots of other “Detroits” and “Camdens” all over the nation. Jobs and businesses are leaving our cities at a staggering rate, and what is being left behind is poverty, crime and extreme desperation.

Continued

Son of an Area 51 Technician

UFO Update – Featured videos:

Paul H. Utz, Son of Area 51 Technician. For more information, visit

View Post

VIDEO: Brangelina Wine Earns Number One Spot!

Brad Pitt and Angelina Jolie’s new Rose Miraval wine just been included in Wine Spectator’s 100…

View Post

Lazard sends George Bilicic to Chicago to reinvigorate the office.

George Bilicic new lead Lazard Ltd. investment banker in ChicagoTwo senior bankers on the deal-making side of Lazard Ltd.'s advisory business have exited the Chicago office earlier this year. In response Lazard has send George Bilicic Jr. to take control and reinvigorate the company office in Chicago. This is Mr. Bilicic second stint working with the Chicago office. He first started supervising the office remotely in 2006. When asked about his previous experience Mr. Bilicic said, "The chief lesson learned from that was that you couldn't be a suitcase banker and be successful with companies in the Midwest." In this round of work Mr. Bilicic is moving to the windy city with his family. He has never lived in Chicago before and plans to expand business by becoming active in city business as well as the civic scene, joining organization boards in the city and having his bankers to the same.

While Bilicic has not stated any specific boards or charities he plans to participate in his direct superior, Lazard CEO Kenneth Jacobs is a member of the board of trustees for the University of Chicago.  Lazard is a midsize international financial advisory and faces competition from Larger entities such as Goldman Sachs Group Inc. The company has about 2,400 employees world wide and aims to cut around 250 this year while expanding growth.  Lazard earning nearly doubled in the second quarter with $59.9 million. This is in part due to its jump in deals in its consumer, health care services and technology areas.

http://assetsandmanagement.blogspot.com/2013/10/lazard-sends-george-bilicic-to-chicago.html

JUST IN: Supreme Court agrees to consider whether police need a search warrant to look at cellphones of people they arrest, NBC’s Pete Williams reports